Credit standards remained broadly unchanged for both loans to enterprises and housing loans Demand for loans to enterprises declined, while demand for housing loans increased further Euro area banks use TLTRO-III liquidity largely for granting loans Credit standards – i.e. banks’ internal guidelines or loan approval criteria – remained broadly unchanged for both loans to […]
The EU is taking steps to deliver on its comprehensive strategy to deal with banks’ bad loans.
EU ambassadors today approved the Council’s position on a proposal for a common framework and minimum requirements for out-of-court mechanism to recover the value from loans guaranteed with collateral in case the borrower is not able to pay it back. Effective out-of-court enforcement can help prevent the accumulation of non-performing loans (NPLs), as it provides […]